Noble Energy, Inc. (NBL) Shares Sold by Victory Capital Management Inc.
Victory Capital Management Inc. cut its holdings in shares of Noble Energy, Inc. (NYSE:NBL) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,357,952 shares of the oil and gas development company’s stock after selling 89,470 shares during the period. Victory Capital Management Inc.’s holdings in Noble Energy were worth $42,355,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Artisan Partners Limited Partnership grew its position in Noble Energy by 12.1% during the 2nd quarter. Artisan Partners Limited Partnership now owns 17,770,684 shares of the oil and gas development company’s stock worth $626,950,000 after acquiring an additional 1,916,041 shares during the last quarter. Jennison Associates LLC boosted its position in Noble Energy by 2.1% in the 2nd quarter. Jennison Associates LLC now owns 7,754,063 shares of the oil and gas development company’s stock valued at $273,563,000 after buying an additional 160,549 shares during the last quarter. American Century Companies Inc. boosted its position in Noble Energy by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 7,460,070 shares of the oil and gas development company’s stock valued at $263,191,000 after buying an additional 119,166 shares during the last quarter. FMR LLC boosted its position in Noble Energy by 56.8% in the 2nd quarter. FMR LLC now owns 7,170,389 shares of the oil and gas development company’s stock valued at $252,972,000 after buying an additional 2,597,747 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Noble Energy by 1.2% in the 2nd quarter. Northern Trust Corp now owns 5,891,531 shares of the oil and gas development company’s stock valued at $207,853,000 after buying an additional 67,558 shares during the last quarter. Institutional investors and hedge funds own 97.43% of the company’s stock.
A number of brokerages have commented on NBL. Raymond James upgraded Noble Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday. TD Securities decreased their price objective on Noble Energy from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Tudor Pickering upgraded Noble Energy from a “hold” rating to a “buy” rating in a research report on Wednesday. Oppenheimer reiterated a “hold” rating on shares of Noble Energy in a research report on Thursday, November 1st. Finally, Mizuho lowered Noble Energy from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $41.96.
NYSE:NBL opened at $26.52 on Friday. Noble Energy, Inc. has a 12-month low of $23.83 and a 12-month high of $37.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $13.51 billion, a PE ratio of 85.55, a P/E/G ratio of 2.78 and a beta of 1.08.
Noble Energy (NYSE:NBL) last posted its quarterly earnings results on Thursday, November 1st. The oil and gas development company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.09. Noble Energy had a return on equity of 4.82% and a net margin of 25.09%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned ($0.02) EPS. The firm’s revenue was up 32.6% on a year-over-year basis. Analysts forecast that Noble Energy, Inc. will post 1.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, November 5th will be given a $0.11 dividend. The ex-dividend date is Friday, November 2nd. This represents a $0.44 annualized dividend and a dividend yield of 1.66%. Noble Energy’s dividend payout ratio is currently 141.94%.
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Noble Energy Company Profile
Noble Energy, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids worldwide. It owns, operates, develops, and acquires domestic midstream infrastructure assets in the DJ and Delaware Basins. It principal projects are primarily located in the US unconventional basins and various global offshore conventional basins.
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